Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. 5 Smart Investing Principles Principles that can help create a portfolio designed to pursue investment goals. Pay Yourself First It sounds simple, but paying yourself first can really pay off.